Maintains near-term positive tone off 1.3211 low, but key resistance zone at 1.3400/20 stays intact for now, as main bear trendline, drawn of 1.4246 high, limits the upside. Break above 1.3400/20 barriers would signal an interruption of the broader downtrend and open way for recovery towards 1.3500, psychological resistance initially, ahead of another strong barrier at 1.3600 zone, mid Nov consolidation phase ceiling / Fib 38.2% of 1.4246/1.3211. Immediate barriers at 1.3365, 1H chart triangle pattern upper boundary and 1.3397, yesterday’s high, need to be cleared to confirm near-term bullish stance. On the downside, 1.3280/70 zone, yesterday’s lows / bull trendline off 1.3211, offer good support for now, with break here to signal an end of near-term corrective phase and turn focus lower.

Res: 1.3372, 1.3397, 1.3410, 1.3420
Sup: 1.3300, 1.3284, 1.3272, 1.3234


Near-term price action shows the pair is running out of steam after yesterday’s corrective rally was capped under strong resistance at 1.5600, previous lows / Fib 61.8% of the latest 1.5690/1.5422 bear-leg. Subsequent pullback found temporary support just above yesterday’s low and initial support at 1.5457, with pair struggling to hold gains above 1.5500 mark. Hourly studies are turning negative, with risk on loss of 1.5500 and higher platform at 1.5460, to re-focus 1.5422. On the upside, above today’s high at 1.5533 opens 1.5578, trendline resistance, ahead of key barriers at 1.5600 zone.

Res: 1.5533, 1.5578, 1.5593, 1.5611
Sup: 1.5500, 1.5468, 1.5457, 1.5422


The pair holds short-term positive tone from 77.00/76.80 lows, as the latest strength through bull channel upper border and key short-term resistance at 78.00, has so far tested initial target at 78.25. Corrective pullback on overbought hourly conditions, should ideally be contained above 77.60/50, previous highs / Fib 38.2% of 76.80/78.25 rally, where also 4H 20 day SMA lies, to keep bulls intact. Continuation of the short-term uptrend would focus 78.44/79.00, 01 Nov highs, on a break above 78.25.

Res: 78.00, 78.25, 78.44, 79.00
Sup: 77.87, 77.78, 77.60, 77.50


Weakens the near-term structure, after pullback from fresh high at 0.9328, posted last Friday, lost initial support at 0.9255, with break below 0.9200, previous congestion ceiling, finding temporary support at 0.9173, just ahead of main bull trendline at 0.9165 and previous low at 0.9150. Fresh gains failed to regain 0.9255 handle and triggered the fifth wave off 0.9328 that risks retest of 0.9100/0.9080, key short-term supports. Loss of the latter would signal a wider picture’s double top and possible broader weakness.

Res: 0.9242, 0.9255, 0.9305, 0.9328
Sup: 0.9173, 0.9152, 0.9125, 0.9100